US Authorities Freeze Bank Accounts
Online casinos can also be considered a peer-to-peer activity, not a transaction between a bettor and a casino.
U.S. Attorney for the Southern District of New York has begun instructing financial institutions to freeze the accounts of payment processors who dole out online casino winnings. Those assets include $33 million owed to 27,000 players on four prominent Web sites, including PokerStars.com and FullTiltPoker.com.
Although the money in these accounts belongs to the poker players, it is held for them by the two service companies and can be withdrawn when they cash out. Account Services revealed that it had an account worth $15 million frozen last week in San Francisco.
You can also read:
- July 24, 2011 -- 6 tips to find a good casino online
- June 12, 2011 -- Tips on how to win at poker overnight
- December 25, 2010 -- Secure Online Gambling
- November 11, 2010 -- Go To a Casino Gambling Online Site, Have Fun And Make Money
- October 28, 2010 -- Magic Box Casino
- October 19, 2010 -- The Casino World
- September 12, 2010 -- Mobile Gambling Boom in 2010
- May 11, 2010 -- Cashing In On The Online Poker Room
- May 8, 2010 -- Casino Gambling
- May 1, 2010 -- Three New Casino Games
Tags: Gambling, ONLINE CASINO, online poker, United States
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